The following information is taken from the operating section of the statement of cash flows (direct method) of Battery Builders, Inc.: Collections from customers Payments to suppliers for purchases Payments for operating expenses Payments for income taxes Cash provided by operating activities $ 28,000 (13,000) (9,000) (4,000) 2,000 The following information is obtained from the income statement of Battery Builders: Net income Depreciation expense Gain on sale of equipment Write-off of intangibles $ 4,000 4,000 2,000 1,000 In addition, the following information is obtained from the comparative balance sheets of Battery Builders (decreases in parentheses): Change in accounts receivable Change in inventory Change in accounts payable Change in accrued payable (related to operating expense) Change in deferred taxes payable $ 3,000 3,000 2,000 (2,000) 1,000 Required: 1. Prepare a complete accrual-basis income statement for the current year. 2. Compute the cash flows from operations using the indirect approach (that is, start with accrual-basis net income and adjust for various items to obtain cash flows from operations). Complete this question by entering your answers in the tabs below. Required Required 2 Prepare a complete accrual-basis income statement for the current year. (Net cash outflows and amounts to be deducted should be indicated by a minus sign.) Less: Required: 1. Prepare a complete accrual-basis income statement for the current year. 2. Compute the cash flows from operations using the indirect approach (that is, start with accrual-basis net income and adjust for various items to obtain cash flows from operations). Complete this question by entering your answers in the tabs below. Required Required Compute the cash flows from operations using the indirect approach (that is, start with accrual-basis net income and adjust for various items to obtain cash flows from operations). (Net cash outflows and amounts to be deducted should be indicated by a minus sign.) Show less punts to be deducebtain cash flows is, start with Adjustments: Cash flows from operating activities